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What is Exante?
Exante.eu is a multi-asset investment company that has been growing and developing for more than a decade. Established in 2011, this professional trading firm provides a wide variety of trading instruments globally with access to more than 50 markets around the world.
This reputable broker offers traders a broad range of financial services, including stocks, metals, options, bonds, ETFs, futures, and currencies. The user-friendly platform of Exante makes it easy to navigate between the wide variety of financial tools while providing strict privacy and security for experienced traders. If you are interested in Exante’s platform and wish to know about privacy and security in Exante, you should read the below.
Exante’s Security and Privacy
Two Factor Authentication
Exante uses two-factor authentication to ensure the protection of its professional traders. Upon logging in, traders can only access through providing “something you know” which is the username and the password, as well as “something you have,” which is a changeable generated code. This two-fold safeguard minimizes the risk of online hacking.
Exante supports specific types of verification, including:
- SMS verification
- Email verification
- Google application verification
Sometimes SMS codes are not received. This is because the SMS codes rely on mobile operators that can filter messages. It is a frequent problem on Exante, but 2FA methods can be used in case you face this issue.
If you wish to disable the two-factor authentication, go to the client’s area, or you can contact customer support if you are facing more issues.
Protection against Phishing at Exante
Phishing is one of the common problems in trading platforms. It is an identity theft technique that tends to use fraudulent websites or messages that may seem legitimate.
However, Exante employs strict security measures that protect its clients against fraud. They perform technological and administrative measures that secure the client’s information. Nevertheless, you need to be cautious, and critically evaluate personal requests that require personal information.
Erasing your Data on Exante
If you ever decide to quit using Exante, you can easily request to erase all the information on your account.
The regulated financial institution obliges them to keep your data for six years for counterterrorism and anti-money laundering reasons. Hence, your data is not completely deleted, but it is safely secured at Exante. After the holding period is over, you can contact customer service and request the complete erasure of your data at Exante.
Securing personal information
Exante stores all your personal data on its internal servers. It does not share it with third parties in any case. In fact, Exante developed its trading platform without the use of third-party solutions. So, its platform is fast and ensures the security of personal data. You can always reach out to customer support. They will fill you in more about the security of your personal information.
Ensuring financial security
Reliability is one of the common benefits of Exante. That is why its footsteps extended to various locations around the world. It is a European investment firm that follows the MiFID II Directive and meets all the legal requirements, policies, and protocols. The security at Exante is also guaranteed through its association with major EU banks. So, it relies on Tier 1 liquidity providers in case of a clearing.
There are other counterparties dedicated to each instrument to guarantee flawless operations. For commodities trading, you will find the deals concluded directly in the corresponding market. Segregated accounts are also employed to risk mitigation and asset protection.
What happens to you if EXANTE closes?
Certain measures are being taken in case Exante closes. The liquidation process starts when the trading firm goes out of business. The court appoints administrators to scrutinize all documents, books, and records after all operations are terminated at the firm. Such processes are handled and monitored by a supervisory authority. After finding that all records are accurate, a provision is conducted by administrators to transfer all the clients’ accounts to another brokerage.
Traders are notified of this transfer. They will be able to continue their investments with the newly assigned broker. They can choose to continue or transfer to another trading platform that suits their needs. The appointed administrator may ask clients to file a claim on the repayment of the assets.
If you have more questions about this issue, check their legal status and license in the state registries. Also, keep records of your holdings, account statements, and trade confirmation either in soft or hard copies.
Summary
Exante provides all the privacy and business security needed for clients. It secures your personal information, your financial data, as well as your trading account. You do not have to worry about third parties because they already use their third-party platform. Overall, Exante is quite good at securing its clients’ platforms.
